It may have been a short-lived and modest intra-day move, but the fact that the 10-year US treasury bond yield briefly fell below the yield on the two-year US treasury note on Wednesday – coming amid a broad equity market sell-off and continued uncertainty over trade tensions between the US and China – has the markets more nervous of another crash.
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Jim Reid, Deutsche |
Jim Reid, research strategist at Deutsche Bank, is on holiday but spent most of his day in communication with colleagues in the office, before sharing his worries with clients.
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